St. Cloud Florida Housing Market Statistics 2021 Versus 2020

St. Cloud Florida Housing Market Statistics 2021 Versus2020 Overview By Jeanine Corcoran

Jeanine is the broker of Corcoran Connect which is a real estatecompany in Saint Cloud, Florida. Jeanine is joined by her co-hostKristin Macari owner of Studio Nine 13. This is the 9th episode ofDiscover St. Cloud Florida, and they will be covering St. CloudFlorida housing market statistics comparing 2021 to 2020.

Jeanine broke down the housing statistics by zip code as St.Cloud has five of them. Starting with zip code 34769 which covers alot of the downtown area. The price per square foot in 2020 was$153 and in 2021 it jumped to $181.30 which represents an 18.5%increase.

The number of homes sold in 2020 was 379 versus 458 homes soldin 2021. Next, Jeanine moved to report on the “days on themarket”. In 2020, the days on market were 14 and in 2021 itwas only 6 days. Kristin added that the influx of new people movinginto the area helped contribute to the number of homes sold. Viewthe source video.

Jeanine moved next to area code 34771 which is close towhere Corcoran Connect’s office is located on NarcoosseeRd. The price per square foot in 2020 was $149.79 for this zip codeand in 2021 it was $176.07 which is a 17.5% increase year overyear. Days on the market in 2020 was 18 and in 2021 it was only 6days. Kristin said it takes a few days to go through the offers theseller receives in this market.

Florida Housing Market Statistics Including Price PerSquare Foot

Jeanine spoke about her process of helping the seller figure outwhat is the best offer to accept. She puts all offers on an excelspreadsheet and starts with helping the seller eliminate all theoffers that they don’t want which is easier. Then it isnarrowed down to the top 3 offers and she discusses those in detailwith the sellers.

The next zip code that Jeanine covered is 34772. The price persquare foot in this area in 2020 was $140.63 and in 2021 it shot upto $167.95 an increase of 19.4%. In 2020 there were 637 homes soldand in 2021 that number increased to 669 homes sold. Days on themarket in 2020 were 18 versus 48 in 2021. Jeanine noted that therehad to be a couple of outliers in there skewing the numbers in2021.

Jeanine mentioned that the experts are predicting a 3% increasein the real estate market for 2022. Kristin statedthat she feels the demand is still there and she is the perfectexample. Her family is looking to buy a home and there is just noinventory in the area.

Jeanine mentioned that you could build a home, but you arelooking at 9-12 months out for completion. There is just not enoughinventory for the number of people trying to move here and buy andthe builders can’t keep up with the demand.

Does Jeanine Corcoran Control The Real Estate Market InSt. Cloud Florida?

Jeanine wanted to talk about the real estate market in St. Cloudfor a minute. She does not control the market despite what somepeople think. If you want to put your house on the market for ahigher price, you can absolutely do that. People just have to beprepared to wait and understand that it will take longer tosell.

Kristin was recently speaking with a lender, and he said toprepare for interest rates to be in 4.5% area by mid-summer of thisyear. People should not get crazy over this if the interest ratesdo go to 4.0% or 4.5% because that is still low as Jeaninenoted.

Jeanine has been asked by several people, is the market going tocrash? In her opinion and in the opinion of experts, no because thebanks will not allow it to. Kristin added that many millennials areentering the market, and this is driving demand as well as they arenow ready to buy a house.

The millennials are competing with the baby boomers who arecoming to Florida and buying their second home. The boomers arebuying a second home as an investment.

We hope you enjoyed Jeanine and Kristin walking you through theSt. Cloud Florida housing market statistics 2021 versus 2020. Wewant to keep you up to date with what is happening in the realestate market in St. Cloud so you can capitalize on your realestate needs.